Tag: Sanusi

  • Sanusi talks shop

    Sanusi talks shop

    On January 15, at a dinner organised by the Northern Reawakening Forum (NRF) in Abuja, the Central Bank of Nigeria governor, Mallam Sanusi Lamido Sanusi, once again managed to shock Nigerians out of their wits with his high-octane denunciations of societal foibles. Demonstrating the constancy of spirit and viewpoint that has made him even more famous than his sometimes puzzling financial panaceas ever attempted, Sanusi piquantly suggested that all socio-cultural and religious organisations, which he believed impacted society wrongly, should be banned. He stopped just short of calling for the abrogation of religions altogether. It was probably apparent to him that even for a radical, calling for the scrapping of a religion would have been every whit suicidal.

    In the words of this puritan hater of societal quirks: “When I was approached to speak on the economy at the forum called the Northern Reawakening Forum, my initial reaction was that I don’t go to these regional and ethnic groups because I have very strong views against Arewa, Afenifere, Ohaneze and other regional and ethnic groups. And I think these regional and ethnic groups should be banned; including, by the way, Ja’amatu Nasril Islam (JNI), and Christian Association of Nigeria (CAN). They should be banned because they are not religious organisations; they are not cultural organisations; they are political associations in disguise of religion and region.”

    Sanusi, it is evident to every Nigerian now, is an iconoclast. He is as fond of demolishing reputations, when he thinks they are built on shallow foundations, as he is eager to destroy symbols of our childish fancies, be it in religion, in politics or in the economy. No one is too high or too low for his shrill attacks. All he asks of himself is whether the object of his scorn is deserving of attack. Once convinced, he does not shirk a fight, and he gives it his impudent all. But by calling for the scrapping of the Christian Association of Nigeria (CAN) and the Ja’amatu Nasril Islam (JNI), two of Nigeria’s leading religious umbrella associations, he seems to take his iconoclasm to new heights. And by adding into the mix his abjuration of ethnic groups such as Arewa Consultative Forum (ACF), Afenifere, and Ohaneze Ndigbo, which he disdainfully dismissed as noisome masquerades for pestilential political interests, he climbs what his detractors describe as monomaniacal fondness for self-preserving posturing.

    But while it is true that Sanusi’s fiery denunciations have increased in amperage over the years, he makes his enemies squirm even the more because he is seldom misguided. For instance, his description of invitees to Aso Villa as effete champions of dishonest causes can hardly be faulted, for this is as true of Niger Delta militants as it is true of northern and southwest leaders, many of whom have risen to prominence by dint of their capacity for mischief, betrayal and general villainy. His observation that religious leaders perennially engage in the most opprobrious romance with power is so apt that he even seems to underestimate public revulsion against the alliance between religion and politics.

    Sanusi’s observations offer an opportunity for a reconsideration of the place and role of religion in national life, that is, if we are capable of such introspection. And though the CBN governor doubtless sounds stiff and sanctimonious in his denunciation of umbrella religious associations, like all his other pithy remarks on the economy, National Assembly profligacy, malodorous aviation policies, and banking malfeasance, he still makes more sense than most public officers.

    Rather than take on Sanusi for his daring and irreverence, it may be time for religious leaders to ponder whether in fact they have not become overly political in their dealings among themselves and with the people in power. Religious leaders seem to us to exult when the powerful worship with them and sit in the front rows, and lend personal and state support to multi-million naira religious projects. There is today less emphasis on the content of a man’s character than on whom he portrays himself to be. It is indeed very apparent that our society is laid waste by the scale of our wrongdoings and the sanctimoniousness of our religious observances, with neither religious nor political leaders, nor yet cultural paragons, anxious to bell the cat for change.

    Nigeria is one of the most religious societies in the world today. But religion has profited it little, though some cynics point out it could have been worse had there not being at least a public gesture towards some religiosity. The country’s civil service is weak, mediocre and corrupt. The country’s leadership itself, though it revels in the appurtenances of a mosque and a chapel at the State House complex, is increasingly felonious, overtly compromised, and subverted by special interests and overweening cabals. There is no altruism anywhere, and no patriotism left in anyone’s bosom. With depravity elongated and held so high, it is no wonder that the society is wracked both by guilt and by violence.

    Sanusi rightly frets that the evil compromises ethnic and religious groups have entered into with the men in power have sunk the country. But the answer may not be in their proscription. If they are proscribed – and this is not possible anyway, no matter what the letter and spirit of the constitution say – other perhaps more insidious groups would simply take their places. Nature abhors vacuum, it is said. What has the country offered in place of socio-cultural organisations? Do we have a sense of nationhood? Contrary to the Lugardian ratiocination suggesting that unity is a physical, geographic thing, the fact is that it is a psychological and spiritual thing. Any deep thinker knows the ethereal rules the real in the same way the spiritual rules the physical and the intangible rules the tangible. Until the nation becomes the mathematical locus of attention and the steely core and substance of our being and existence, ethnic nationalities will continue to offer cultural and psychosocial affinities for groups to bond and coalesce.

    Sanusi and many northern leaders, including the Sultan of Sokoto, Alhaji Sa’ad Abubakar, have suggested corrupt leadership and poverty predisposed the North to the violence and lawlessness it is witnessing today. The real problem is much more nuanced, as this column has sought many times to clarify. A leadership is first weak before it is corrupt. More, the breakdown being witnessed in the North is a function of the weakness of its binding symbols. Politics no longer offers that bond around which a sense of northern identity could coalesce; nor, sadly, does religion offer safe anchor, for this too has been deeply corrupted and its sinews corroded by years of abysmal politicisation and reckless exploitation.

    No society can cohere without a substance or a person around which to coalesce. Once a society loses its inner core, its soul or its mind, it will begin to fracture badly. The remnant sense of northernerness which the people of the North still have today was partly a creation of the Sardauna of Sokoto, Sir Ahmadu Bello, as it was a creation, in a different sense and under a different era, of Uthman dan Fodio. There must always be something or someone to give a society its sense of being or drive. Modern analysts, like US President Barack Obama during his visit to Ghana, talk of creating strong institutions rather than strong personalities in order for stability and peace to be engendered. This is only true when that society is already driven by persons or sets of values that propel it into greatness and competitiveness. Except during occasional periods in their histories when they require strong personalities, many Western societies have sets of values and lodestars to propel them into greatness. Nigeria does not have either a set of lofty values or even the strongmen to give the country form and substance.

    Since amalgamation, the Sardauna was the first and the last to play that role for the North; Chief Obafemi Awolowo for the West; and Dim Chukwuemeka Ojukwu, more than the great Dr Nnamdi Azikiwe, as I have argued in this place before, for the East. In the absence of these eminent men, their societies will need a set of values, religious codes, and cultural templates to make their societies cohere. The denudation of these values and codes and templates, which in the case of Nigeria are at different stages, much more than poverty, predispose societies to anomie. Indeed, what make Nigeria to maintain a semblance of stability are the socio-cultural organisations which Sanusi deprecates. The groups have been corrupted, as the CBN governor notes, and religions attenuated by the anthropomorphism of our various cultural antecedents, but they still have their uses.

    We can discern from the imprecise thoughts of Mallam Sanusi the salient message that our society is endangered by many factors. My opinion is that that danger comes principally from a lack of knowledge. We must strive to understand what ails us first before we find the panaceas. There is no competent national leadership that understands what must be done, and the regions are decaying into anarchy and unraveling into fragments depending on what stages of leadership failure or value attenuation they are. Mr Obama speaks of strong institutions. But he speaks only about a minute part of the truth. After all, Richard Kagan, Paul Wolfowitz and the neo-conservatives could not have designed the failed New American Century project if they did not have a sense of America’s manifest destiny (Global leadership anchored on military strength and moral clarity). What is ours? Through their prisms, the Southwest was reminded of its sense of being by Awo, the North by Sardauna, and the East by Zik/Ojukwu. Who has tried to define for Nigerians who they are, what the Nigerian dream is, and what its manifest destiny should look like? If this definition had been made, it is doubtful whether any rational leader, let alone a sensible historian, would suggest that, of all things, we should be celebrating the centenary of Lugard’s amalgamation.

  • Reps plan ‘arrest’ of Sanusi, 14 others

    Reps plan ‘arrest’ of Sanusi, 14 others

    The House of Representatives has begun the process of issuing a bench warrant for the arrest of the Central Bank of Nigeria (CBN) Governor Sanusi Lamido Sanusi.

    The impending ‘arrest’ of Sanusi followed his refusal to honour several invitations to a public hearing on remittances of revenues by agencies of the government organised by the House Committee on Finance last week.

    Others to be ‘arrested’ are the Chief Executives of the Nigerian National Petroleum Corporation (NNPC), Nigerian Port Authority (NPA), Nigerian Customs Service (NCS), Nigerian Maritime Administration and Safety Agency (NIMASA), Nigerian Communications Commission (NCC), Asset Management Corporation of Nigeria (AMCON).

    Others are the Federal Airport Authority of Nigeria (FAAN), Federal Capital Territory (FCT), Nigerian Inland Waterways Authority (NIWA) and National Pension Commission (PenCom).

    The resolution of the House followed the adoption of a motion by the Chairman, Committee on Finance, Abdulmumin Jibrin, who under a matter of urgent public importance requested the mandate of the committee to issue the bench warrant for the affected chief executives for non-appearance.

    Sixty agencies were invited, but 15 failed to appear before the committee despite several official invitations.

    Jubrin noted that the case of Sanusi was peculiar as he was seen at a conference on the day, the fourth invitation, where he was speaking about the need to sack half of the Federal Government workforce.

    The Speaker, Aminu Tambuwal, rather than put to vote the prayer of the motion, guided the House on the procedure for the issuance of a bench warrant of arrest.

    He said Section 89 of the constitution empowers committees of the House to summon any person in the country to attend the committee, but that procedure should be followed by the committee.

    “So the procedure is that first, go and put down the request with the office of the Speaker, and I will oblige you,” the Speaker said.

    At press time, it was learnt the committee had written to the office of the Speaker on the matter.

     

  • Okonjo-Iweala, Sanusi, Diezani: What essence?

    Okonjo-Iweala, Sanusi, Diezani: What essence?

    ‘History will have to record that the greatest tragedy of this period of social transition was not the strident clamour of the bad people, but the appalling silence of the good people.’
    ————Martin Luther King, Jr.

    In today’s Nigeria, the spirits of our ancestors are being troubled by agents of neo-colonialism that have espoused and inflicted painful policies on the people in the name of governance. Their jobs are being made easier because of the inept leadership that is epitomised by President Goodluck Jonathan. In the on-going dispensation, the most visible agents of neo-colonialism in the Nigerian system are Dr Ngozi Okonjo Iweala, Mallam Sanusi Lamido Sanusi and Mrs. Diezani Allison-Maduekwe. They are collaborators of disingenuous governance championed by President Jonathan through the Finance Ministry, Central Bank of Nigeria and the lucrative Ministry of Petroleum Resources respectively.

    Of recent, the conducts and utterances of the trio have insulted the sensibilities of Nigerians and even further damned the credibility of the current administration for lacking good sense of political economy. Sanusi Lamido, obviously the most loquacious among the world’s apex bank governors set the tone of malice against the struggling people of this country when he called for the sack of 50 per cent of civil servants in the federal civil service. In a contradictory argument quite unbefitting of a CBN governor, he averred in favour of fuel subsidy removal but in a bemused move canvassed for sanctioning of those indicted for stealing what he termed ‘subsidy’.

    While he received severe flaks for such impolitic statements, forcing him to swallow his verbatim reported words, denying them by saying that he was quoted out of contest, his misguided fellow and coordinating minister of the economy came out in public to fester the sore of Sanusi’s mischief by supporting this unnecessary and infamous policy vitriolic.

    At a recently press conference in Abuja, Okonjo-Iweala was reportedly quoted to have said: “We had this hue and cry about misquoting of Lamido and people almost called for his head, but you have to understand that when you talk about reducing cost of governance, you are ultimately talking about human beings.” She further added: “The same public that is crying about cost of governance will remind you that one civil servant is catering for five other Nigerians when you really want to reduce the cost of governance….Let me tell you, the targets of this fiscal tightening are human beings; they are the ones that must be eliminated to prune down the costs. The cost of personnel in the budget is 32 per cent and that is huge.”

    On the periphery, Okonjo-Iweala might seem to be making sense but upon rigorous scrutiny, it is discovered that what she has done, like her cohorts in the CBN and the Petroleum ministry, was to rationalize their clique’s greed and policy tyranny by saying that Sanusi’s call was made for the good of the nation. But we all know that nothing is more despicable than actions that appear on the surface to be respectable and praiseworthy but were in actual fact underlined by greed and other ulterior motives. Perhaps, the likes of Okonjo-Iweala and her friends in the corridors of power must realise that what is called governance is the judicious exercise of power and decision-making for a nation and that the well-being of the country depends on the choices made by the people granted this authority. If the policies of the Ministry of Finance, Petroleum Ministry and the CBN under the trio are not ones that can benefit the mass of the Nigerian people, then, what is their essence in the government of the country? It is opportune to remind the trio what they already know but are trying to hide, that Nigeria’s trillions and $44billion public debts have been shared by just 17,500 top public officers and political parasites. A better analysis on this claim will be done in this space by yours sincerely in the ensuing weeks ahead.

    This is why the trio with their satanic official views must be told in unequivocal terms that people like them in public office whether directly or indirectly undermine among others, Nigeria’s national security, overall safety and Nigerians confidence and trust in their government. It is an open secret that virtually those that are in the corridors of power engage in money laundering, official extortion, embezzlement, collection of kickbacks and bribes. They utilise public office for private advantage.

    The focus on these three public figures in this column today is informed by the observation of Martin Luther King, Jr. where he said: ‘History will have to record that the greatest tragedy of this period of social transition was not the strident clamour of the bad people, but the appalling silence of the good people.’ It will be bad for yours sincerely to contribute to the evolving leadership and entrapped policy tragedies under President Jonathan by maintaining an undignified silence with some too trusting, or better put compromised citizens of this country. After all, a philosopher once said; we will remember not the words of our enemies but the silence of our friends.

    That is why one is saying through this medium that whatever successes might have been recorded by Okonjo-Iweala, Lamido Sanusi and Diezani in the private sector have been rubbished by their complicity in the looting of the nation’s till under this current dispensation. Were the trio still to be in the World Bank, First Bank or Chevron International respectively, would the looting under the guise of fuel subsidy going on in the country, under their supervision, have been condoned? Could they say in all honesty that they have positively impacted on the Nigerian nation with their oppressively drab and provokingly stagnant managerial styles? Will the World Bank have condoned a budget situation where the recurrent will be higher than capital expenditures that Iweala sits atop? Will their subordinates in former places of work be proud of their double standards and policy affronts on Nigerians? Could the trio in all conscience be bold to affirm that more jobs have been created under this regime to necessitate their calls for sack of public workers?

    Thomas Paine once said that: “It is the responsibility of the patriot to protect his country from its government.”The demand to make at this juncture is to ask genuine patriots and groups to come out and demand for the sack of Okonjo-Iweala, Sanusi Lamido and Diezani from this administration for failing to be good ambassadors of good governance. Indeed, the trio are advocates of governance by mischief and deceit. For their boss, Jonathan’s sack, let us all wait till 2015 when we should all refuse to cast our votes for him.

  • Reps threaten Sanusi, others

    The House of Representatives has said it would issue a bench warrant for the arrest of the Central Bank of Nigeria (CBN) Governor, Sanusi Lamido Sanusi, if he fails to appear before its Committee on Finance this morning.

    Also threatened with arrest if they fail to turn up for the public hearing on remittances of revenue generating agencies are the Chief Executive Officers of the Nigerian Port Authority (NPA), Nigerian Customs Service (NCS), Nigerian Maritime Administration and Safety Agency (NIMASA), Nigerian Communications Commission (NCC), Asset Management Corporation of Nigeria (AMCON) and nine others.

    The lawmakers said gross earnings of agencies of government would be captured in subsequent revenue framework.

    At the commencement of the public hearing, the representative of the Security and Exchange Commission (SEC) Mr. Abatcha Bulama was sent out of the hall because he was mistakenly invited.

    Speaker Aminu Tambuwal said for too long, the menace of revenue leakages has dominated the nation’s finances to the detriment of the economy and wellbeing of Nigerians.

     

  • More knocks for Sanusi

    The Coalition against Corrupt Leaders (CACOL) has faulted the call by Central Bank of Nigeria Governor Sanusi Lamido Sanusi for the sack of 50 per cent of civil servants.

    Its Executive Chairman, Debo Adeniran, described the call as irrelevant and misleading.

    “There is surely a need to reduce government’s recurrent expenses to give room for the implementation of the capital side.

    “But the question to ask the CBN ‘Emir’ is should the common man always be at the receiving end of his many irrelevant policies?

    “Why won’t Sanusi think of a more reasonable way to better the lot of the country than rendering more people impoverished?

    “With the nation’s majority wallowing in abject poverty, living on less than $1 per day, what should be on the mind of any state actor is how to reduce employment.

    “When you push 50 per cent of federal civil servants out, where do you expect them to go?”

    “It is rather unfortunate that many Nigerian leaders do not have the interest of the masses at heart.

    “Corruption must be dealt with among political office holders and appointees before beaming the searchlight on the civil service.”

     

  • Not so, Sanusi

    Not so, Sanusi

    •CBN boss’ controversial style often blunts the soundness of his message

    IT is just as well that organised labour and some influential opinion moulders have heavily descended on Central Bank of Nigeria (CBN) Governor, Mallam Sanusi Lamido Sanusi, for his call to slice the federal civil service by half, scrap non-viable states and do away with cost centres that are 774 local governments nationwide, and their mimic bureaucracy. He spoke at the 2nd Capital Market Committee retreat in Warri, Delta State.

    For this outburst, the Nigeria Labour Congress (NLC), in a reaction that President Abdulwaheed Omar signed, asked President Goodluck Jonathan to sack the CBN governor. Trade Union Congress (TUC) President-General, Peter Esele, hit Sanusi for his undue loquaciousness – a charge not at all unfair. Delta State Governor, Emmanuel Uduaghan, dismissed Sanusi as reckless, since his remedy of mass sack would plunge an uneasy country into further troubles. Femi Falana, SAN, declared Sanusi’s call “irresponsible”.

    This flak is not unjustified – and not on the basis of loquacity alone. The CBN governor, in this latest controversy for instance, called for the complete removal of petroleum subsidy. But he also canvassed, as a prelude, the punishment of those who stole subsidy money.

    If some people indeed stole “subsidy money” – and the allegedly stolen funds have been traced to ruling party barons and big time supporters and donors, lending credence to suppositions that the so-called “subsidy” was no more than slush campaign funds that the government is arm-twisting Nigerians to pay back – where in lies the soundness of that call? How can Sanusi call for subsidy removal when there is no incontrovertible proof that there was ever any subsidy?

    Recall: Sanusi, with Ngozi Okonjo-Iweala, finance minister and Diezani Alison-Madueke, petroleum minister, were the vociferous triad, goading the president to remove the “subsidy”, which he tried to do in January with disastrous consequences. After the explosion of peaceful protests, Sanusi lost his voice and slithered into uncustomary silence. With another January approaching, might this be another Sanusi goading the president to commit political suicide?

    But be that as it may, Sanusi broached some home truths which not even his loquacity could negate. The current 36-state structure is simply a developmental nightmare: it makes the Federal Government too big to be responsible and the states too puny to be viable. To quash 70 kobo out of every one naira available to service this sink hole is not only criminal and ungodly; it is also a recipe for explosion that may well consume the polity. No less disastrous is the paradox of centralised local governments, 774 of them, structured less for development but more to extract nourishment from the federal revenue pool. All these need radical and sweeping restructuring – Sanusi’s loquacity or no.

    But the CBN governor erred by picking on a soft target: civil servants. Yes, the civil service is bloated. To that extent, a section of it, particularly the lower cadre, would appear unproductive. But the real drain pipe would appear clearly the political bureaucracy, which in fairness, Sanusi also attacked.

    Still, the solution to trimming the bloated civil service is certainly not throwing half of its present size into sudden unemployment, in a country already crippled with massive joblessness. That is unwise and harebrained. A better result would emerge from clinical audit to weed out ghost workers and careful recruitment policy to engage only needed hands, after easing off deadwoods through statutory retirements. That, at best, is a long term plan.

    But beyond everything in the Sanusi saga is the impropriety of a government chief banker turned newspaper activist, pillorying the same government he serves. If that is CBN autonomy, it is decidedly ugly and irresponsible. That is why Mallam Sanusi must put his garrulity in check, as long as he remains CBN governor.

     

  • Sanusi’s road to  economic recovery

    Sanusi’s road to economic recovery

    The Governor of Central Bank of Nigeria, Sanusi Lamido Sanusi, loves to hug the public space. It may be part of his campaign strategy for the revered position of the Emir of Kano that he openly covets. In his search for publicity he never pretends to be a visionary. His training and working stints at the United Bank for Africa and the First Bank of Nigeria did not prepare him to creatively think. His forte is to balance the books and ensure that bank borrowers meet preconceived standards before they are granted bank facilities. As I have said previously on Sanusi, there is nothing in his background that prepared him to be in charge of envisioning policies for the economic well being of Nigeria.

    Sanusi has also shown that he is not a humanist, and that he does not exhibit a high quotient of emotional intelligence. The result is a Governor of Central Bank that talks, acts and writes without any rigorous thinking. As stated by Daniel Goleman in his book, Emotional Intelligence, having a high Intelligent Quotient, which Mallam Sanusi may have, is not the same as having a more balanced Emotional Intelligence that the job of the Governor of the Central Bank of Nigeria, or any important position, requires. Mallam Sanusi’s handicap explains his continuous gaffe as the ‘chief economist’ of the country. For in a modern economy ruled by bank charges, interest rates, inflation, lending priorities, and other monetary policies, the man who substantially determines that process, determines the economic direction of the country.

    Sanusi’s answer to economic recovery for Nigeria is for 50% of the civil service workers to be sacked; which upon complaints he has modified as public office holders. In calling for the sack of 50% of the public sector workers for the economy to return to health, Mallam Sanusi was openly wringing his hands in frustration because of his inability to influence the necessary changes to get the economy up and running. As a trained book balancer, and the custodian of the wealth bank of the nation, contracting the number of workers is his answer to the dwindling value of the pay cheque. Obviously his forte does not extend to increasing the wealth pot, and definitely he has no emotional interest in the well being of those to be sacked, if he had the powers.

    While Sanusi’s prognosis that a nation can not survive paying out 70% of her income for recurrent expenditure is correct, he has like the rest of the Nigerian elites once again shied away from the crux of the national crisis. He knows that the death knell for our country is corruption. But because he is involved in a variant of that corruption, he prefers to hold onto a straw as the economy he presides over goes under. Blinded by his other interests, Sanusi pursues policies ad programs that ordinarily harm the Central Bank and the country. Not long ago he unabashedly turned the non-interest banking into a religious issue, just to scurry favour from the Islamic community. Now that he has against the CBN’s act used public fund to set up this pet project, and the new Banks have been floundering, he has stopped talking about it, and of course, will give account to nobody.

    Again while Sanusi is calling for reduction in the national work force to save the economy, his employment record since he took over as the CBN Governor has been anything but impressive. Recently Sanusi was openly accused of employing unqualified personnel from outside the bank at the detriment of those in the system. He has also been working hard to shield the National Assembly from scrutinizing the budget of the apex bank, against the express provisions of the constitution. In desperation, he muddles up the issue of the supervision of monetary policies, which must remain with the CBN, with the matter of how much of tax payers money does the Governor of the Central Bank earn, and how much does he spend to maintain the physical infrastructure and personnel of the bank.

    Sanusi like the rest of our power elite, live falsely. While they seek out opportunities to sound as if they are concerned for the well being of the economy, they refuse to take necessary steps to put the economy to good health. If indeed Sanusi is as fearless as he pretends, how many of our Governors and Ministers has he exposed for the capital flight he gleefully reported recently in the media. Again after successfully bringing down his erstwhile colleagues who did not fortuitously support his ascendency to the position of the Governor, are we to believe that there are no more stealing and buccaneering in the banking sector, since his ascendency. Are we not aware that many of those Sanusi appointed to oversee the transition in the banks he forcefully took over, substantially helped themselves with the same resources they were asked to protect, as Mallam Sanusi looked the other way?

    While I do not support that the powers of the Central Bank Governor be whittled down over monetary policies, I doubt if Sanusi has shown enough competence for his job. As Daniel Goleman said: “In a sense we have two brains, two minds – and two different kinds of intelligence: rational and emotional. How we do in life is determined by both – it is not just IQ, but emotional intelligence that matters. Indeed, intellect cannot work at its best without emotional intelligence.” Sanusi has by his recent calls for the sacking of one-half of the national work force shown that he lacks empathy and as Goleman said: “the brightest among us can founder on the shoals of unbridled passions and unruly impulses….”

  • Sanusi: The limit of candour

    Sanusi: The limit of candour

    There is little anyone can do to change Mallam Sanusi Lamido Sanusi’s mannerisms and worldview. He is 51, and set in his ways. He does not shy away from battle, sometimes seeming to be even foolhardy, and cannot help but speak forthrightly on any subject that draws his attention, especially one that annoys him. This was why in Warri, Delta State, last Tuesday he again indulged his habit of not caring whose ox was gored and speaking candidly about economic issues. Speaking at the Second Annual Capital Market Committee Retreat, Sanusi had declared: “At the moment 70 per cent of Federal Government’s revenue goes for payment of salaries and entitlement of civil servants, leaving 30 per cent for development of 167 million Nigerians. That means that for every naira government earns, 70 kobo is consumed by civil servants.”

    Inflamed, as he always is when he addresses a large audience, Sanusi then turned on the heat: “You have to fire half of the civil service because the revenue of the government is supposed to be for 167 million Nigerians. Any society where government spends 70 per cent of its revenue on its civil service has a problem. It is unsustainable. The various tiers of government should cut down their recurrent expenditure and use the fund to provide basic infrastructure like schools, hospital, etc. How can we be using the proceeds from our major source of revenue to service recurrent expenditure, by paying salaries, allowances, etc. The country should be thinking of enhancing its productivity base rather than spending on things that cannot create wealth.”

    This was very hot stuff, a red rag to a bull. Predictably, the civil service bull, under the auspices of the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC), picked up the gauntlet and has been calling for the sack of Sanusi. Candour, it appears, has its limits. Perhaps affrighted by the sheer volume of the calls for his sack and the near unanimity of opinion against him, Sanusi has begun to prevaricate, if a news report from London is believable. Speaking to Channels Television in London at the end of the 13th Session of the Honorary International Investors Council Meeting, the Central Bank of Nigeria (CBN) governor explained that he was misunderstood. After saying those calling for his sack were “shying away from the reality of the time,” he added, according to Channels, that he was only asking for downsizing of political appointees, not civil servants, who take 70 percent of government revenue leaving a mere 30 percent for the 160 million Nigerians.

    He’ll still probably modify what he told Channels, if that also becomes controversial, for it is not conceivable that he believed political appointees took 70 percent of government revenue. Coming to his help, however, was the General Secretary, Association of Senior Civil Servants of Nigeria (ASCSN), Comrade Alade Bashir Lawal, who wondered whether the CBN governor could not tell the difference between civil servants and public servants. Lawal suggested that the strength of the entire civil service was below 100,000, while the public service, comprising the Army, Navy, Customs, EFCC, NAFDAC, etc. had 970,000 workers. “The civil service is just a subset,” he continued. “If Sanusi now says we are the ones taking 70 per cent of the budget, we have to doubt his CV. The IMF said for every N100 spent on services in Nigeria, 80 per cent goes to private pocket; it goes to corruption. Only 20 per cent is spent on projects.”

    The NLC was not as patient or charitable as the ASCSN. In a statement by Comrade Abdulwaheed Omar, the NLC president said: “We see in Sanusi an agent of death that must be defeated and crushed before he further destroys the Nigerian economy. While President Jonathan is promising to create more jobs, Sanusi is calling for mass sack of civil servants in a country with one of the highest number of unemployed, which has indeed led to gross deprivation and the current state of insecurity in Nigeria. While we believe the Federal Government will ignore the ranting of this hollow economist, Sanusi has never demonstrated patriotism in all his advice on economic and financial management in Nigeria. Sanusi’s only understanding of governance is simply about saving money and not saving lives, as his proposals are repeatedly devoid of human content and without consideration for the implications on the larger society. The burden that will come with mass sack as high as 50 per cent of civil servants, in addition to the already saturated unemployment market, can better be imagined. Governance is about improving the quality of lives of the people and not destruction of productive lives.”

    It’s unlikely anyone would heed the NLC’s call, or that the campaign against Sanusi would go far. As this paper’s Hardball column observed on Friday, the president, who is a politician and whose priorities are often carefully circumscribed by electoral exigencies, will simply ignore the CBN governor’s recommendations. Said Hardball last Friday: “Nigeria can use the candour and common sense of someone like Sanusi. But whether that candour befits a CBN governor is a different thing altogether. Nor is it likely that President Goodluck Jonathan will find Sanusi’s brave talk amusing. Jonathan is a politician, and he has an election to win in 2015, if he decides to contest. Sanusi on the other hand has no election to contest or even care about. Instead he has repeatedly announced he has a death wish – to be sacked. For someone who derives fulfillment in speaking candidly and making people squirm, which characteristics he deeply covets, the last thing on his mind is to please anyone or suffer fools gladly. Sanusi may have spoken idealistically, but Jonathan can be relied upon to act realistically.”

    The integrity of Sanusi’s views appears sound, even if slightly misplaced. The number of states is truly unbearable, unwise and burdensome. It is in fact shocking that Nigerians can be so far removed from reality that they are campaigning for additional states. Consolidation is needed to reduce recurrent expenditure in states and to increase efficiency. Even though the solution to civil service bloatedness is not the drastic downsizing Sanusi recommends, there is little doubt that something still has to be done, whether in direct relation to the civil service or, as the Association of Senior Civil Servants argued, in relation to the public service as a whole. And if we do not need a 36-state structure, why would we need a 774-local government structure? We have been financially too reckless for far too long. In addition, the national and state legislature simply must be restructured to reduce expenditure on them. Like the structure of the federation itself, the structure of the legislature is inoperable, downright inane and unrealistic.

    The problem with Sanusi is not so much his views – many of those views are in fact heartfelt and sensible – but the way he delivers them, and the fact that they come from him, the governor of the Central Bank. It is indeed unfortunate that his controversiality is beginning to overshadow his responsibility as the governor of a financial institution that regulates the financial health of the country through very sensitive monetary policies. The CBN governor should seldom be seen, and heard from sparingly. But Sanusi is voluble and gives the impression he is averse to working in the background where he would be more effective. He gives the impression he is more at home with incendiary statements, politics, religion and traditionalism. His position requires somebody who should hardly stir. But Sanusi is restless, verbally aggressive, sometimes showy, and even obtruding. If he eventually gets the boot, it will not be because he had ceased to be intelligent, as the NLC inferred last week, but because he lacked the requisite restraint Nigeria’s apex banker should possess.

    Surely, there must be a limit to controversy, even for a politician, let alone a top banker. Consider, for instance, that Sanusi pursued banking reforms, not with the studious patience and empathetic firmness required of the apex bank, but with the messianic and inquisitorial zeal of an extreme and opinionated campaigner. Consider also whether it was appropriate for him to appear in office in full traditional regalia following his installation as a chief in his native Kano State. Did he know the implication for his image? And what of his stubborn resolve to introduce the N5,000 note, in spite of the thunderous opposition against the project? Were he to be governor or president, he would be a dictator, probably even of the malevolent variety. It is certainly not enough to say controversy dogs him; given his predilections and his idiosyncratic leadership of the apex bank, it must also be said that he actively courts controversy. And it doesn’t matter whether the victims of his fiery denunciation is the influential National Assembly, which he says exasperates him, secular bankers, whom he says criticise non-secular banking because they do not know banking regulations, and those who denounce his partiality for directing the apex bank’s corporate responsibility in favour of Kano, his home state, and never for once in favour of other major northern states hit more lethally by Boko Haram and other terrorist attacks.

  • Sanusi advocates 50 per cent sack in civil service

    Sanusi advocates 50 per cent sack in civil service

    •CBN governor, Uduaghan differ 

     

    Central Bank of Nigeria (CBN) Governor Sanusi Lamido Sanusi has advised the Federal Government to sack at least half of its workforce to maintain a sustainable economy.

    In a presentation at the second Annual Capital Market Committee retreat in Warri, Delta State, Lamido said Nigeria cannot build its economy when 70 per cent of its earning is paid as salaries and entitlements of civil servants.

    The CBN Governor also advocated a more compact and less expensive system of government that would reduce overhead and free up capital for infrastructure development.

    He said: “At the moment, 70 per cent of Federal Government’s revenue goes for payment of salaries and entitlement of civil servants, leaving 30 percent for development of 167million Nigerians. That means that for every naira government earns, 70kobo is consumed by civil servants.

    “You have to fire half of the civil service because the revenue government has is supposed to be for 167million Nigerians. Any society where government spends 70 per cent of its revenue on its civil service has a problem. It is unsustainable.”

    Sanusi said the country does not need over 100 senators and about 400 representatives to make laws. He said when the expenses of lawmakers, civil servants and the executive arm of government are added, Nigerians will find out that the revenue has been consumed by government, lawmakers and civil servants.

    Besides, Sanusi faulted “wastage” of funds for the maintenance of 774 local government council chairmen with aides, councillors and other appendages of the third tier of government.

    “Do we need 774 local governments, do we need 36 states some of which are unviable? Why not just remove them and have only state governments?”

    “There are state governors whose monthly allocation is barely enough to pay salaries. I hear such governors complain and I say ‘why complain when the solution is simple?’ It is irresponsible to use all money to pay salaries and wait for another month’s allocation and pay salaries and after four years, you would have done nothing.”

    Sanusi insisted that the Federal Government would have to totally remove petrol subsidy. To do this effectively, he suggested that those who stole subsidy funds must be brought to book, adding: “People have the right to demand transparency. If you want to remove subsidy, you have to show what happened to those who stole.”

    The CBN governor also challenged the Federal Government to stop investments on infrastructure that can be concessioned to allow the private sector handle those areas so that it can concentrate on building of schools, health centres and other social services.

    Dr. Emmanuel Uduaghan, the host governor, faulted Sanusi’s call for a mass sack in the federal and state civil services.

    The governor said the country was already contending with mass unemployment, adding that taking the CBN boss’ advice could further worsen the employment situation.

    In his keynote address, Uduaghan identified the capital market as one of the sources of procurement of fund for execution of good projects to uplift the social and economic lives of its people.

    He remarked that the nation has drifted from financial stability in the post-civil war era to a period where governments rely heavily on borrowing to finance project.

    “Not that borrowing in itself is necessarily bad, but the management and deployment of such funds is crucial. In fact, I dare say that with the state of affairs today and the paucity of funds, government can hardly do without borrowing. What is at issue is what government and public funds managers do with the funds at their disposal for the good of all,” Uduaghan said.

     

  • Sanusi’s unkind cut

    Sanusi’s unkind cut

    I couldn’t believe the story credited to the Central Bank governor- Mallam Lamido Sanusi in our print media until I listened to his comments as reported by the channels news on Wednesday, September 12. I could hear him saying that President Olusegun Obasanjo was a very bad economist even though the retired general could be a good farmer.

    While one is not trying to hold brief for the former president, the CBN governor should be reminded that it was this same “ very bad economist “ that assembled a good economist management team that bailed out the nation from the Paris club and settled the accumulated debts.

    The leadership of this same “ very bad economist “ went on to facilitate Millennium Development Goals [MDGs] and other development programmes that are still being supported by international donor agencies. Interestingly, included in the economic management team of this “ very bad economist” are renowned economists and world bankers like Prof. Charles Soludo, Dr. (Mrs) Oby Ezekwezeli and Dr. Ngozi Okonjo- Iweala- the current Coordinating Minister of the Economy(CME) and the Minister of Finance who served in the same capacity under President Olusegun Obasanjo –the very bad economist in Sanusi’s own views Instead of resulting to name-calling which is very unethical and alien to African culture, the CBN governor should convince the public on the propriety of the proposed new naira note with his own facts and figures.

    Why should Sanusi always be in a mood to force down his monetary policies on the public instead of sensitizing/convincing us on the desirability of his new policies? Unknown to him, his combative attitudes is giving bad image to the administration of his principal- President Goodluck Jonathan.

    The same fifth columnists who advised Jonathan to change the name of UNILAG to MAULAG are at work again using the CBN governor as their arrow-head. They want the President to operate like a military dictator in a democratic setting which is making him to lose touch with the realities on ground which the likes of Doyin Okupe and Sanusi Lamido are trying to keep away from him.

    President Jonathan is therefore advised to read the handwriting on the wall and beware of controversial public figures around him who are specialists in making him to have head-on-collisions with either the National Assembly or the electorates .Meanwhile, one hopes somebody who really loves Mr. President should please call the CBN governor to order and advise him on the code of conduct that guides the running of his office as the CBN governor while he allows Drs Doyin Okupe and Reuben Abati to do their work with some level of decorum.

    I hope Mallam Sanusi Lamido will not be like the case of ‘omode to lenu agba nrun’ (i.e. a youngster who accuses an elder of having a mouth odour). A word they say is enough for the wise .Sanusi should have tried to puncture the economic gains of President Olusegun Obasanjo’s 8 years in office. The former president claimed that he left about $40b (forty billion dollars) in our foreign reserves and some deposits in our excess crude accounts for the raining day when he was leaving the office.

    But he (President Obasanjo) lamented that those accounts have been depleted now by the successive administrations who claim that the raining day is already here .The CBN governor should have faulted Obasanjo’s administration score-cards instead of resulting to name-calling and mudslinging. Not even Dr. Doyin Okupe who was hired to do the hack man’s job for this administration has the temerity and audacity to call President Obasanjo names. Sanusi should please try and recognise the boundary between mudslinging and the defence of government policies.

    The federal government’s decision to put on-hold and possibly lay to rest the controversies surrounding the restructuring of naira and especially the printing of the ¦ 5000 naira note is a very welcomed and timely decision .Meanwhile, it may be expedient for President Goodluck Jonathan to advise the CBN governor to turn in his letter of resignation so that he (Sanusi) can have enough time to prepare himself ahead of 2015 general elections.

    Oluwagbemiga Olakunle is General Secretary, National Prayer Movement